Fundamental Advisors Completes Acquisition of MMA Capital Holdings
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Fundamental Advisors Completes Acquisition of MMA Capital Holdings
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MMA Capital Holdings, Inc. (NASDAQ: MMAC) has reported entry into a definitive merger agreement with an affiliate of Fundamental Advisors LP where it will be acquire by Fundamental in an all cash transaction valued at USD 161.7 Million. MMA common stock holders will receive USD 27.77 per share in cash or a 35% premium over the 90 day volume weighted average share price ending May 21st, 202 and a 62% premium over the May 21st, 2021 closing share price. J.P. Grant, Chair of the Transaction Committee, commented: “Together, MMA and Fundamental have enjoyed considerable success providing development and construction financing for solar energy generating facilities. In order to grow to its full potential, the business needs more capital than we have been able to provide. Following a diligent review of our options, the Board has determined that Fundamental, which has been a great partner in our efforts to date, has the capital access